Global Non-Fat Dry Milk Market Report and Forecast 2024-2032

Global Non-Fat Dry Milk Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the global non-fat dry milk market size reached approximately USD 9.21 billion in 2023. Aided by the growing consumer demand for health-conscious and nutritious food products, the market is projected to grow at a CAGR of 3.3% between 2024 and 2032, reaching a value of nearly USD 12.34 billion by 2032.

Non-fat dry milk (NFDM), commonly referred to as skim milk powder, is a versatile and widely used dairy product. It is made by removing the fat and water content from fresh milk, leaving behind a concentrated powder that retains much of the nutritional value of milk. This process results in a product that is rich in protein, essential vitamins, and minerals while being virtually free of fat.

The global non-fat dry milk market has witnessed significant transformations and growth in recent years, driven by several key trends. This versatile dairy product, also known as skim milk powder, is widely used in various food applications due to its long shelf life, ease of transportation, and high nutritional value. The demand for NFDM continues to rise, fuelled by shifting consumer preferences, technological advancements, and evolving market dynamics.

One of the primary non-fat dry milk market trends is the growing consumer demand for health-conscious and nutritious food products. With an increasing awareness of the benefits of a balanced diet, consumers are gravitating towards food items that are high in protein and low in fat. NFDM fits this demand perfectly, offering a high protein content while being virtually fat-free. This makes it an attractive ingredient for health-focused food products, including protein bars, nutritional shakes, and weight management supplements. Additionally, the rising prevalence of lifestyle diseases such as obesity and diabetes has further amplified the need for healthier dairy alternatives, thereby boosting the non-fat dry milk market growth.

The versatility of NFDM has led to its extensive use in various food and beverage applications. It serves as a crucial ingredient in the manufacturing of baked goods, confectioneries, dairy products, and processed foods. In the bakery sector, NFDM is used to enhance the texture, flavour, and nutritional profile of products such as bread, cakes, and pastries. The confectionery industry leverages NFDM for its emulsifying properties and its ability to improve the shelf life of chocolates and candies. In the dairy sector, NFDM is a key component in the production of yoghurt, cheese, and ice cream. The expanding applications of NFDM in these diverse segments are contributing significantly to the market growth.

Technological advancements in dairy processing have played a pivotal role in the global non-fat dry milk market development. Modern drying techniques such as spray drying and roller drying have improved the efficiency and quality of NFDM production. These technologies ensure the retention of essential nutrients and enhance the solubility of the powder, making it more suitable for various applications. Additionally, innovations in packaging have extended the shelf life of NFDM, reducing wastage and ensuring a consistent supply to meet the growing demand. The development of value-added products, such as fortified NFDM with added vitamins and minerals, has also opened new avenues for market expansion.

The global non-fat dry milk market is experiencing robust growth in emerging economies, particularly in the Asia Pacific and Latin America. Rapid urbanisation, rising disposable incomes, and changing dietary habits are driving the demand for dairy products, including NFDM, in these regions. In countries like China and India, the increasing consumption of bakery and confectionery products, along with the rising popularity of Western food habits, is propelling the market forward. Additionally, government initiatives to boost dairy production and improve nutritional standards are further supporting the growth of the NFDM market in these emerging markets.

The proliferation of e-commerce and online retailing has significantly enhanced the non-fat dry milk market expansion. Online platforms offer a convenient and efficient means for consumers to access a wide range of dairy products, including NFDM. The ease of comparison, availability of product information, and doorstep delivery services provided by online retailers have significantly boosted the sales of NFDM. Furthermore, the increasing adoption of digital marketing strategies by manufacturers and suppliers is enhancing product visibility and driving consumer engagement. The shift towards online retailing is expected to continue, further accelerating the NFDM market.

Sustainability and ethical sourcing have become critical factors for consumers and businesses alike. The global non-fat dry milk market is witnessing a growing emphasis on sustainable dairy farming practices and responsible sourcing of raw materials. Consumers are increasingly seeking products that align with their values of environmental stewardship and animal welfare. In response, manufacturers are adopting sustainable practices such as reducing carbon emissions, minimising water usage, and ensuring fair treatment of dairy farmers. Certifications and labels indicating organic, non-GMO, and ethically sourced NFDM are gaining prominence, influencing consumer purchasing decisions and shaping market trends.

Despite the positive trends, the non-fat dry milk market faces certain challenges. Fluctuations in raw material prices, particularly milk, can impact the production costs and pricing of NFDM. Additionally, regulatory changes and trade policies in different regions can pose challenges to the market expansion. However, the ongoing research and development activities aimed at improving production processes and developing innovative products are expected to mitigate these challenges.

Market Segmentation

The global non-fat dry milk market can be divided based on type, end-use, distribution channel, and region.

Market Breakup by Type

• High Heat
• Medium Heat
• Low Heat

Market Breakup by End-Use

• Residential
• Commercial

Market Breakup by Distribution Channel

• Offline
• Online

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global non-fat dry milk market. Some of the major players explored in the report by Expert Market Research are as follows:

• Nestlé S.A.
• NOW Health Group, Inc.
• All American Foods Inc.
• Augason Farms
• Bluegrass Ingredients, Inc.
• California Dairies, Inc.
• Bob's Red Mill Natural Foods, Inc.
• HOCHDORF Holding Ltd
• Target Corporation (Good & Gather)
• Other

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report. Show more